There is now unprecedented funding for the ATO to carry out audits. Most business owners should be concerned with this, as a tax audit even for the smallest business, the costs can run in the thousands of dollars.
Audits include record keeping, BAS and GST audits, and the ATO favourite, super and PAYG that are unmanaged can end up in considerable fines and penalties.
Your Business Accounting company Fresh Numbers includes the audit in their fees, as we believe that a close relationship with the client and constant hands on work means that we can finish the audit in no time at all and without any fuss for our clients.
Working with Fresh Numbers tax shield not only provides plans to stay on top of tax, but also helps where the ATO is involved from inquiries to Audits.
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